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Wall Street Predicts Pot Will Hurt Beer Sales

Category: News | Posted on Sun, April, 23rd 2017 by THCFinder

Despite the fact that marijuana remains illegal in the eyes of the United States government, analysts on Wall Street are predicting the cannabis industry could soon put a hefty dent in beer sales.

According to a report from CNBC, New York investment bank Cowen Group recently downgraded its market performance rating for Molson Coors Brewing Co (TAP), a major producer of mainstream beer brands like Coors Light, Fosters and Miller High Life, because it is convinced the company, whose net sales were close to $11 billion in 2016, will suffer some loss in the coming years because more people are interested in weed.

In a letter sent to their clients on Thursday morning, Cowen analyst Vivien Azer wrote: “We believe alcohol could be under pressure for the next decade, based on our data analysis covering 80 years of alcohol and 35 years of cannabis incidence in the US. Since 1980, we have seen 3 distinct substitution cycles between alcohol and cannabis; we are entering another cycle.”

Read More:http://hightimes.com/medicinal/wall-street-predicts-pot-will-hurt-beer-sales/


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Category: Fun | Posted on Sat, April, 22nd 2017 by THCFinder


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Category: Videos | Posted on Sat, April, 22nd 2017 by THCFinder


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Meet the Hardcore Trump Republican Pushing Pot Reform’s Best Hope

Category: News | Posted on Sat, April, 22nd 2017 by THCFinder

Matt Gaetz is a conservative Republican’s conservative Republican.

Gaetz is a 34-year-old attorney who, while in the Florida legislature, pushed for accelerated executions and blocked any revision of the stand-your-ground law following Trayvon Martin’s shooting death. He now represents most of the Florida Panhandle in Congress.

Most of us would call those solid conservative bona fides “textbook reactionary,” but back at home in Gaetz’s First Congressional District, they’re local mores. His district is so solidly Republican, it’s an island of dark red floating in a less-red sea.

The district is the most conservative in Florida, with a plus-22 conservative rating from the Cook Partisan Voting Index—which may be off by double-digits. In November’s election, Gaetz defeated the Democratic challenger by nearly 40 percentage points.

Read More:http://hightimes.com/news/meet-the-hardcore-trump-republican-pushing-pot-reforms-best-hope/


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